Funding
HR platform provider HiBob raised $150 million in Series D funding, bringing its total funding to $424 million. Based in Tel Aviv, HiBob has 2,500 clients using its payroll, onboarding, time and attendance, and compensation solutions. After expanding its New York and London offices earlier this year, it recently opened an office in Berlin to serve clients in Austria, Germany and Switzerland. The company reportedly plans to further expand in the U.S. and Europe by year’s end.
Canadian business management and payments platform provider WellnessLiving secured $66 million in investment capital from McCarthy Capital and CIBC Innovation Banking. The Toronto-based company will use its new funds to fuel its global expansion plans, develop new products and expand its feature for franchises and multi-location enterprises. The company will also pursue HR technology acquisitions as its customer base expands.
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Number of the Week
How important is threat management training to HR leaders? Among HR leaders surveyed in the U.S., 73% report that it was “very important,” according to global security provider Ontic. The survey also found that 70% of HR professionals say they are trained to address situations if they turn violent, although AI-powered employee listening tools are not designed to search for potential workplace violence.
Partnerships
Recruiting platform provider Wedge has partnered with KarmaCheck, a background check technology firm. According to a press statement, Wedge and KarmaCheck will “help enhance hiring transparency” with quicker and more efficient background checks of new hires. “Faster, easier and more transparent background checks make a complex process far more efficient for all involved,” said KarmaCheck CEO Eric Ly.
HR Tech Spotlight
How does a 158-year-old retail institution attract and retain talent in the modern age? Danielle Kirgan, executive vice president, chief transformation and HR officer for Macy’s, will share the secrets of her company’s success during the opening session of Women in HR Tech, which kicks off the first day of the HR Technology Conference, Sept. 13-16 in Las Vegas. She shared her insights in a pre-event interview here. Register for the in-person conference here.
People Moves
Patagonia CHRO Dean Carter announced that he is leaving his role as CHRO for the outdoor clothing and gear company. In a LinkedIn post, Carter writes that he is looking forward to his next adventure after working as Patagonia’s vice president of HR & shared services since May 2015. Before joining Patagonia, he was CHRO and vice president of talent & human capital services for Sears.
Nava Benefits hired Patrick Kehoe as its new chief operating officer. A software-as-a-service veteran with experience at real estate tech company VTS and tech provider Hightower, he also spent five years at McKinsey. “In order to truly change healthcare benefits from the inside out, you need to invest in the people, technology and operations to reimagine the broker’s function and impact,” said Kehoe. “Nava is doing just that.”
Health systems tech provider Lumeris appointed Julie Hammes as senior vice president of people and culture. Prior to this role, Hammes spent 15 years with Epiq Global, JP Morgan and Farmers Insurance. Her new mission includes expanding Lumeris’ culture, benefits package, DEI initiatives and its professional development and recognition programs. “I look forward to bringing my passion and expertise to this role and cultivating the best teams to support the company’s next phase of growth and excellence,” she said.
